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BTC Hyperliquid — 24h Market-Making Spread Study

Window: 2026-01-27 22:18:38.567000 UTC → 2026-01-28 22:18:38.567000 UTC | Interval: 1m

MetricBest0.10%
Spread (bps)510
Total PnL13.20290.6229
Realized PnL-1188.4821-1201.0621
Unrealized PnL1201.68501201.6850
Trades578174
Ending Inv0.01350.0135
Position size0.0011230.001123
Max abs position0.02250.0180

PnL vs Spread

Fill Count vs Spread

Position Size (best vs 0.10%)

PnL Over Time (best vs 0.10%)

Price (1m)

Method: symmetric passive quotes at mid±spread; fills when candle high/low crosses; maker fee 0.015% per fill.